Housing Insights for ZIP Code 21403 (Annapolis, MD)

Housing Summary for ZIP Code 21403

Homeowners

The median home value in ZIP Code 21403 (Annapolis, MD) is $472,600. Approximately 63.7% of homes in this region are owner-occupied units, and the estimated homeowner vacancy rate is currently 2.0%.

The average occupancy of owner-occupied units in ZIP Code 21403 is 2.29 occupants, while owner-occupied units have an aggregate average size of 2.74 bedrooms per housing unit.

Renters

In the 21403 ZIP Code, an estimated 36.3% of all housing units are occupied by renters. This ZIP-defined region has is an estimated rental vacany rate of 4.2%.

Among renter-occupied units in this ZIP, the average occupancy is 2.47 occupants, while renters in this Anne Arundel County region spend an average of 0% of their income on housing rental costs.

Housing Stats for ZIP Code 21403

See the table below for a regional snapshot of data related to both owner-occupied housing and rentals in ZIP Code 21403.

ZIP 21403 Maryland U.S.
Median Home Value $472,600 $433,655 $364,385
Owner-Occupied Housing Units 63.7% 66.9% 64.0%
Homeowner Vacancy Rate 2.0% 1.7% 1.6%
Average Size of Owner-Occupied Unit 2.29 2.75 2.70
Average # of Bedrooms Per Unit 2.74 2.97 2.75
Median Housing Rent $0 $1,392 $1,062
Renter-Occupied Housing Units 36.3% 33.1% 36.0%
Rental Vacancy Rate 4.2% 6.0% 6.0%
Average Size of Renter-Occupied Unit 2.47 2.50 2.49
Percent of Income Spent on Rent 0% 30.05% 29.83%

Home Values in ZIP Code 21403 (Annapolis, MD)

The median home value in ZIP Code 21403 is $472,600. That median value is about 50% higher than the median home value of $314,800 in Maryland overall, and is 117% higher than the $217,500 the median home value in the entire U.S. About 34.1% of homes in ZIP Code 21403 are valued $500,000 to $999,999. That is 99% higher than in Maryland, in which 17.1% of homes are valued at $500,000 to $999,999, and is about 199% higher than in the U.S. overall (11.4% of homes valued at $500,000 to $999,999). The home value range that the smallest portion of ZIP Code 21403 homes fall into is $50,000 to $99,999 (0.0% of homes).

Home Values in ZIP Code 21403

This chart visualizes the breakdown of home values in ZIP Code 21403, Maryland, and also in the U.S. overall.

A bar chart visualizing the breakdown of home values in ZIP Code 21403 vs. home values in both the state of Maryland and in the U.S. overall.

Home Values in ZIP Code 21403

See the table below for a regional comparison of home values in ZIP Code 21403.

Home Value ZIP 21403 Maryland U.S.
Less than $50,000 0.7% 2.7% 6.9%
$50,000 to $99,999 0.0% 3.7% 12.0%
$100,000 to $149,999 1.5% 6.3% 13.3%
$150,000 to $199,999 7.6% 9.9% 14.0%
$200,000 to $299,999 12.6% 24.4% 19.6%
$300,000 to $499,999 31.7% 32.8% 19.3%
$500,000 to $999,999 34.1% 17.1% 11.4%
$1,000,000 or more 11.8% 3.1% 3.4%

Home Ages in ZIP Code 21403 (Annapolis, MD)

Approximately 22.8% of homes in this Annapolis, MD region were built in 1970 to 1979. This amount of homes built in 1970 to 1979 in ZIP Code 21403 is about 62% higher than percentage of homes built in this time period in Maryland overall (14.1% of homes), and is 50% higher the percentage (15.2% of homes) in the U.S. as a whole. Additionally, an esimated 21.3% of local homes were built in 1980 to 1989. On the other end of the scale, just 0.4% of homes in this Anne Arundel County ZIP Code were built in 2014 or later in ZIP Code 21403. In comparison, 2.3% of homes in Maryland overall were built in 2014 or later, while 2.5% of all U.S. homes were built in this time period.

Home Ages in ZIP Code 21403

A detailed regional comparison of home ages in ZIP Code 21403.

Year Built ZIP 21403 Maryland U.S.
2014 or later 0.4% 2.3% 2.5%
2010 to 2013 0.6% 2.6% 2.7%
2000 to 2009 7.7% 11.4% 14.0%
1990 to 1999 13.1% 14.3% 13.9%
1980 to 1989 21.3% 15.3% 13.4%
1970 to 1979 22.8% 14.1% 15.2%
1960 to 1969 17.2% 11.5% 10.6%
1950 to 1959 8.8% 11.4% 10.3%
1940 to 1949 3.2% 5.2% 4.9%
1939 or earlier 5.0% 11.8% 12.6%

Age of Homes in ZIP Code 21403

See the chart below for details on the age of homes in ZIP Code 21403, Maryland, and also in the U.S. overall. Data here refers to years that homes were built.

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Housing FAQs for ZIP Code 21403

Frequently asked questions about housing in this Annapolis, MD ZIP Code. Answers to questions about both owner-occupied housing and rental housing in 21403.

1

What is the average home value ZIP Code 21403?

The median home value in ZIP Code 21403 (Annapolis, MD) is $472,600.
2

Are homes expensive in ZIP Code 21403?

The median home value in 21403 ($472,600) is an estimated 50% higher than the aggregate median value of $314,800 in Maryland, and is 117% higher than the $217,500 the median home value in the U.S. overall.
3

What are owner-occupied vacancy rates like in ZIP Code 21403?

The vacacy rate for owner-occupied housing in ZIP Code 21403 is 2.0%. This rate is 18% higher than the overall Maryland owner-occupied vacancy rate of 1.7%. Additionally, the 21403 vacancy rate is 25% higher than the entire U.S. vacancy rate of 1.6%.
4

Does ZIP Code 21403 have older homes or newer construction?

In ZIP Code 21403, about 22.8% of homes were built in 1970 to 1979. That time range includes the most home construction. Also, 21.3% of homes in the region were built in 1980 to 1989. In contrast, 0.4% of homes in 21403 were built in 2014 or later.
5

What is the housing breakdown in ZIP Code 21403? Are there more rentals or owner-occupied units?

There is more owner-occupied housing in 21403 than renter-occupied housing. Owner-occupied units make up 63.7% of housing, compared to 36.3% for renter-occupied units.
6

Are rental vacancy rates high in ZIP Code 21403?

The vacacy rate for rental units in ZIP Code 21403 is 4.2%. This rate is 30% lower than the overall Maryland vacancy rate of 6.0%. Additionally, the 21403 vacancy rate is 30% lower than the entire U.S. vacancy rate of 6.0%.